Grow.com Closes $16M Series B, Lead by Toba Capital

January 29, 2018

January 29, 2018, Orem, UT — Grow.com, the reporting and analytics dashboard solution, today announced that it has closed a $15M Series B round of funding by institutional investors led by Toba Capital. To date, Grow has secured $26M in total funding from investors. Series B investors included Toba Capital, Peterson Ventures, Pelion Venture Partners, Kickstart Seed Fund and HubSpot.

The Series B investment will help to fuel the company's growth to create the simplest business intelligence tool for non-technical users by expanding sales and marketing efforts as well as creating new features within the app.

“As demonstrated by their phenomenal growth, Grow.com clearly dominates the SMB BI space,” says Vinny Smith, founder of Toba Capital. “Grow has produced an amazing culture for its business users and is headed for exceptional growth. We’re excited to continue to work with Rob and his team in helping Grow become the world’s business intelligence tool.”

Rob Nelson launched Grow.com in 2014 with the goal of empowering SMBs to become data-driven by simplifying reporting and analytics. From this, Grow was born: A sleek, fully-customizable dashboard that pulls and merges data from multiple sources and updates in real time. Whereas other business intelligence platforms are out of reach for many small to mid-sized companies due to cost and complexity, Grow is specifically designed for the non-analyst and offered at a price point that is accessible to SMBs.

“At Grow.com, we believe in using data to drive company culture and decision making,” says Rob Nelson, founder and CEO of Grow.com. “Our goal is to give CEO’s the ability to feel confident about their business while they aren’t at work. Thanks to our institutional investors we are able to continue to push these efforts.”

Grow empowers businesses to become data-driven and accelerate growth by aligning team objectives an inspiring strategic decisions. Grow data dashboards are the simplest way to unite data from hundreds of sources, including spreadsheets, databases, and SaaS applications. With Grow’s business intelligence software, enterprise-quality data insights are attainable for any business.

“Our customers want to achieve great results fast, and we’re always looking to provide solutions and tools that will help them do their jobs quickly and streamline operations,” said Brad Coffey, Chief Strategy Officer at HubSpot. “Grow is a great option for achieving that efficiency.”

Grow empowers businesses to become data-driven and accelerate growth by aligning team objectives and inspiring strategic decisions. Grow data dashboards are the simplest way to unite data from hundreds of sources, including spreadsheets, databases, and SaaS applications. With Grow’s business intelligence software, enterprise-quality data insights are attainable for any business.

About Toba Capital:

Toba Capital is a venture firm founded by Vinny Smith, former CEO of Quest Software (acquired by Dell in 2012 for $2.4 billion). The Toba team has taken dozens of software businesses beyond $20m in sales, with two becoming billion-dollar-plus outcomes. || TobaCapital.com